»
»
Grand Island

Compare Current Grand Island, Nebraska Mortgage Rates

Compare Grand Island, NE mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Grand Island.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Grand Island. Plus, shopping lenders is free and there is no obligation.

%
Grand Island, NE Mortgage Rates as of May 26, 2022
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact
Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

Compare Today's Grand Island, NE Mortgage Rates

May 26, 2022

Current mortgage rates in Grand Island, NE are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Grand Island, NE Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.250%
15 Year Fixed Rate
%
4.430%
5/1 Adjustable Rate Mortgage
%
4.080%

How Affordable is Housing in Grand Island, Nebraska?

Below we provide helpful information on the real estate market, home prices and housing affordability in Grand Island. Understand how much you need to earn to afford a home in Grand Island, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Grand Island fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Grand Island is right for you.

The median home value for Grand Island, NE (Hall County) is $177,974

Based on current mortgage rates and a 10% down payment, you need to make $29,160 per year to buy the median priced home in Grand Island

With this income, you could qualify for a $160,177 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Grand Island is $675

The median household income for Grand Island, NE (Hall County) is $61,722

Based on this income, you can afford a home valued at approximately $376,708

The home price you can afford to buy based on household income in Grand Island is 212% of the median home value which means housing prices are affordable. Grand Island (Hall County) ranks 85 out of 93 counties in Nebraska and 1,498 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Grand Island, NE is affordable

orange-simple-house
ruler

Loan Limits for Grand Island, Nebraska

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Grand Island (Hall County) below.

Conforming loan limits for Grand Island, NE

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Grand Island, NE

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Grand Island, NE

1 unit: $647,200

Additional Mortgage Resources for Grand Island, NE Residents

Mortgage Rates for Nebraska Cities

Grand Island Mortgage Rates

Lincoln Mortgage Rates

Omaha Mortgage Rates

Papillion Mortgage Rates